Senate News

The #2 Texas state official called on lawmakers to study “the sudden inundation of prediction market gambling“ as other jurisdictions take the platforms to court.

The bill proposes to prohibit government officials from using insider information to bet on prediction market contracts, with fines up to double the amount of profits.

Spot ETF outlflows, falling DEX volumes and a declining ETH futures premium may be preventing Ether from rallying, but flipping them could catalyze a rally to $2,400.

Coinbase is reportedly still pushing back against stablecoin yield provisions in the Senate’s crypto market structure bill, a move that has derailed past efforts to advance the legislation.

The Senate Banking Committee has been looking to advance its crypto market structure bill since postponing a markup in January.

The Bitcoin Policy Institute said the bipartisan support for a de minimis tax exemption for smaller Bitcoin transactions is "encouraging."

Yield-bearing stablecoins are growing faster than the broader market as US lawmakers remain divided over how crypto yield should be regulated.

Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego have vowed to ensure that the Justice Department “conducts a serious investigation into Binance.”

Senator John Thune reportedly said that the chamber would prioritize the SAVE America Act before addressing a vote on bipartisan bills like crypto market structure.

The provision banning the Federal Reserve from issuing a central bank digital currency was included in housing affordability legislation.

Democratic Senator Adam Schiff introduced a bill to ban prediction markets related to war, death and terrorism amid escalating insider trading concerns related to military operations.

Senator Angela Alsobrooks says she’s working on a proposal to move a key crypto bill forward, but crypto and the banks will have to compromise.

Cynthia Lummis continues to push pro-crypto policies in a market structure bill under consideration in the Senate, even as she prepares to leave Congress in January 2027.

The crypto exchange responded to a Senate inquiry over sanctions by claiming that “no Binance account transacted directly with an Iran-based entity.“

The US president makes it official after previously announcing his pick of Kevin Warsh to replace Fed Chair Jerome Powell in a Jan. 30 social media post.